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United Oil and Gas plc: APA Signed – Conditional Sale of Maria Discovery
Home / Client News / United Oil and Gas plc: APA Signed – Conditional Sale of Maria Discovery

United Oil & Gas Plc (AIM: “UOG”), the full-cycle oil and gas company with a portfolio of production, development, exploration and appraisal assets is pleased to announce that it has entered into a binding Asset Purchase Agreement (“APA”) with Quattro Energy Limited (“Quattro”) to sell UK Central North Sea Licence P2519 containing the Maria discovery in Block 15/18e  (“the Licence”) for a maximum consideration including contingent bonus payments of up to £5.7 million (c.US$6.95 million) (the “Transaction”) as set out below.

https://www.londonstockexchange.com/news-article/UOG/apa-signed-conditional-sale-of-maria-discovery/15798199

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